Geode Capital Management LLC Increases Holdings in EHang Holdings Limited (NASDAQ:EH)

Geode Capital Management LLC boosted its position in shares of EHang Holdings Limited (NASDAQ:EH) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,752 shares of the company’s stock after acquiring an additional 1,313 shares during the period. Geode Capital Management LLC’s holdings in EHang were worth $437,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of EHang during the 4th quarter valued at $79,000. SBI Securities Co. Ltd. purchased a new stake in EHang during the fourth quarter valued at about $431,000. Headlands Technologies LLC lifted its stake in EHang by 2,080.4% during the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company’s stock worth $913,000 after purchasing an additional 55,318 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of EHang by 22.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after purchasing an additional 33,000 shares in the last quarter. Finally, Norges Bank purchased a new position in EHang in the 4th quarter worth $3,809,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Trading Up 9.4 %

Shares of NASDAQ EH opened at $18.82 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The firm has a 50-day moving average of $19.41 and a 200 day moving average of $17.85. EHang Holdings Limited has a 1 year low of $10.40 and a 1 year high of $29.76. The stock has a market cap of $1.20 billion, a P/E ratio of -34.85 and a beta of 0.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EH shares. Daiwa Capital Markets assumed coverage on EHang in a research note on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price target on the stock. Daiwa America upgraded EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of EHang from a “hold” rating to a “buy” rating and cut their target price for the company from $22.00 to $20.00 in a research note on Monday, April 14th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $24.88.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.